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REGISTERED NUMBER: 11515639 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 MARCH 2023

FOR

LIGHTWAY FOR LIFE LTD

LIGHTWAY FOR LIFE LTD (REGISTERED NUMBER: 11515639)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 September 2022 to 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


LIGHTWAY FOR LIFE LTD

COMPANY INFORMATION
For The Period 1 September 2022 to 31 March 2023







DIRECTOR: J Chamberlain





REGISTERED OFFICE: Entaprint House
Unit 13 Littlemead Industrial Estate
Cranleigh
Surrey
GU6 8ND





REGISTERED NUMBER: 11515639 (England and Wales)

LIGHTWAY FOR LIFE LTD (REGISTERED NUMBER: 11515639)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,661 672

CURRENT ASSETS
Stocks 34,390 -
Debtors 8,958 10,315
Cash at bank 669 753
44,017 11,068
CREDITORS
Amounts falling due within one year 170,620 130,695
NET CURRENT LIABILITIES (126,603 ) (119,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(121,942

)

(118,955

)

CREDITORS
Amounts falling due after more than one year 39,410 38,890
NET LIABILITIES (161,352 ) (157,845 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (161,452 ) (157,945 )
(161,352 ) (157,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





J Chamberlain - Director


LIGHTWAY FOR LIFE LTD (REGISTERED NUMBER: 11515639)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 September 2022 to 31 March 2023


1. STATUTORY INFORMATION

Lightway for Life Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the director considers to be appropriate, as he has agreed not to withdraw his loan account and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover
Turnover represents sales of damp proofing and timber specialist services and sales of lighting goods and electrical services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-25% on cost
Office equipment-33.33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current tax assets and liabilities are not discounted and are recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

LIGHTWAY FOR LIFE LTD (REGISTERED NUMBER: 11515639)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 September 2022 to 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 13,820
Additions 5,000
At 31 March 2023 18,820
DEPRECIATION
At 1 September 2022 13,148
Charge for period 1,011
At 31 March 2023 14,159
NET BOOK VALUE
At 31 March 2023 4,661
At 31 August 2022 672